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Robert Bosch To Pay $58M In Auto Parts Cartel Plea Deal

The Department of Justice on Tuesday said auto parts supplier Robert Bosch GmbH has agreed to plead guilty and pay a $57.8 million criminal fine for conspiring to fix prices for spark plugs and other auto parts.

  • Obama Vetoes GOP Attack On NLRB's Union Election Rule

    President Barack Obama on Tuesday used the fourth veto of his presidency to block a Republican-backed Senate joint resolution that would have killed a new National Labor Relations Board rule allowing speedier union elections, saying that halting the rule would "block modest but overdue reforms" and harm private sector unionization efforts.

  • Philips Unloads LED Biz In $3B Sale To PE-Backed Group

    Dutch electronics giant Koninklijke Philips NV will sell a majority interest in its LED lights business for up to roughly $2.9 billion to a private equity-backed consortium led by China-based investment fund Go Scale Capital, the companies said Tuesday, as Philips looks to restructure its focus to medical technology.

  • Providers Can't Sue Over Medicaid Rates, High Court Rules

    The U.S. Supreme Court on Tuesday overturned a Ninth Circuit ruling that allowed health care providers to sue over Medicaid reimbursement rates, finding no private right to bring such challenges.

  • Dewey Execs Can Tell Jury They Expected Firm To Recover

    A New York judge on Tuesday said the former leaders of Dewey & LeBoeuf LLP can tell a jury that they expected the firm would be able to pay its debts and that the firm collapsed because of the mass exodus of partners and the harsh publicity brought on by the Manhattan district attorney’s investigation.

  • Sprint Pays $131M To Hang Up On Nextel Merger Suit

    Sprint Nextel Corp. agreed Monday to pay $131 million to settle a shareholder class action against the company and several former top executives over stock losses investors allegedly suffered during the company’s $37.8 billion merger with Nextel in 2005.